Luxury Goods and Services

Chronology of Coverage

Mar. 14, 2015

Paul Sullivan Wealth Matters column explores process for commissioning bespoke perfume, development of which can carry prohibitive costs; notes that while some wish for personalized scent, others hope to create distinctive scents for specific purposes; Audrey Gruss, founder of Hope for Depression Research Foundation, is seeking a scent that could be comforting to people who suffer from depression. MORE

Mar. 8, 2015

Luxury brands like Davidoff, BMW and Ruinart will have a presence at Art Basel Hong Kong, most well-attended art event in the world; companies are looking to showcase their wares to wealthy clientele willing to spend millions for artwork. MORE

Feb. 21, 2015

Luxury automakers like Bentley have expanded their offerings to include goods that have very little to do with cars, including furniture, cologne and apparel; Porsche, which like Bentley is owned by Volkswagen Group, has even put on runway show for New York Fashion Week; analysts caution that moving toward more general luxury brand would be disastrous for luxury car makers. MORE

Feb. 19, 2015

Architect Richard Landry designs extremely large and ostentatious mansions in wide variety of styles for rich and famous. MORE

Feb. 14, 2015

Paul Sullivan Wealth Matters column highlights job requirements of yacht charter brokers, who connect vacationers with right-sized yacht, crew, itinerary and owner's agents; observes while chartering a yacht can be costly, many are willing to pay the price for luxury. MORE

Feb. 10, 2015

Buying frenzy for luxury New York City apartments in sleek residential skyscrapers continues to reach new heights, with buyers pushing prices beyond $100 million mark; irony is that opulent dwellings, mostly purchased by foreign investors, will sit empty most of the time. MORE

Feb. 7, 2015

Luxury retailers are turning their attention back to American millionaires as United States economy improves while high-end spending lags elsewhere. MORE

Jan. 29, 2015

High-end condo buildings around New York City have begun adding hamams, or steam room, to list of amenities that also includes luxurious courtyards, garages, gyms and children's rooms. MORE

Jan. 16, 2015

James B Stewart Common Sense column observes that retail prices on imported luxury goods from Europe have not fallen in line with steep decline of euro against the dollar; notes that counterintuitive trend is caused by phenomenon known as 'incomplete exchange rate pass-through,' as well as tendency by producers to increase markup to cancel out decline in marginal cost. MORE

Dec. 8, 2014

Italian online luxury goods firm Yoox Group is global leader in online luxury sales, but its own success has drawn rivals; online sales account for less than 5 percent of $270 billion in annual luxury revenues, but are growing at 30 percent a year. MORE

Dec. 7, 2014

Retail construction in Miami is booming along with the economy; about 20 luxury brands are set to open new stores in December alone. MORE

Nov. 30, 2014

Car dealerships around the country are offering luxury amenities; Frank Kent motor company dealerships in Fort Worth feature art, wine and a dog park. MORE

Nov. 23, 2014

The Upshot; Robert H Frank Economic View column examines motivation behind conspicuous consumption of luxury goods at the highest income levels; argues that despite having lots more money to spend, wealthy people still consider a product's value, similar to most everyone else. MORE

Nov. 19, 2014

Marketing analysts find that geographical differences account for how Americans splurge on luxury items; note that buying luxury goods is most important for Southerners, while those in the Midwest appear less willing to stretch themselves financially. MORE

Nov. 16, 2014

Robert Frank Inside Wealth column observes that a wealth gap is emerging even at the highest economic levels, as the .01 percent leave the .1 percent behind; observes that shift is reshaping the luxury market, with sales of large private jets climbing while those of smaller jets tumble. MORE

Aug. 11, 2014

Advertising column; quarterly luxury lifestyle magazine DuJour and digital retailer Gilt Groupe are collaborating on cross-promotions and other initiatives aimed at making them both more attractive to high-end brands. MORE

Jul. 31, 2014

Hanneli Rupert's leather goods line Okapi, which says it is the first Made in Africa luxury brand, aims to reposition the continent as a source of premium manufacturing. MORE

Jul. 30, 2014

Operators of five-star hotels in Dubai look to set themselves apart in crowded market, hoping brand loyalty and connections to designer fashion can help. MORE

Jul. 26, 2014

Paul Sullivan Wealth Matters column; Dennis M Jones, who makes no apologies about his luxury lifestyle, is encouraging other wealthy people to think about how their extravagant living could provide jobs, just as their charity helps those in need; Jones's $34 million yacht purchase helped save shipbuilder and hundred of jobs of people it employed. MORE

Jul. 12, 2014

Paul Sullivan Wealth Matters column notes extremely wealthy travelers are driving an expansion of the bespoke travel industry, which designs custom, exotic voyages for a high premium; says travelers who spend at least $100,000 a year on trips have increased their annual spending at two to three times the rate of the regular traveler over the past seven years. MORE

Jun. 14, 2014

Heritage Auctions files lawsuit against Christie's International, claiming Matthew Rubinger breached his contract after leaving Heritage, bringing trade secrets to Christie's; hiring of Rubinger gives Christie's, known more for its art auctions, leg up on its push into high-end accessories market. MORE

Jan. 13, 2014

Increasing number of pawn businesses are catering to the wealthy, offering fast liquidity in exchange for high-end luxury items like Rolex watches and Bentley automobiles; Suttons & Robertson's in New York City is emblematic of trend, capitalizing on crowd of wealthy Americans who have overspent and need quick and quiet infusion of cash. MORE

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